SGB Sportsmans

SGB Update

CSG Again Increases Purchase Price for Vista Outdoor’s Ammo Business

Vista Outdoor, Inc. announced that Czechoslovak Group (CSG) had increased its bid for The Kinetic Group, Vista Outdoor’s ammunition business, by $40 million from $1.96 billion to $2 billion. The higher offer comes as Institutional Shareholder Services (ISS) last week called on Vista Outdoor shareholders to abstain from voting to approve the sale.

Skeeter Boats Appoints New General Manager

John Clark was the assistant GM, and his responsibilities included managing daily operations, staff, facilities, and Skeeter’s long-term vision. He joined the company in 2006.

Sierra Bullets and Barnes Bullets Appoints New CEO

Most recently, Jim Bruno, the new CEO, was president at Vista Outdoors’ Bushnell unit, which holds many brands in its portfolio, including Bushnell, Simmons, Primos, Hoppes, Champion, Gold Tip, BeeStinger.

Report: Retail Sales Show Signs of Stabilization in May

The latest report from Circana reveals that U.S. retail sales, encompassing discretionary general merchandise and consumer packaged goods (CPG), have experienced a 1 percent growth, with consumers adapting their spending habits in response to moderating price pressures.

Amazon to End Plastic Use In Shipping

Amazon will eliminate “almost 15 billion plastic air pillows annually to reduce its environmental footprint.” The company will use 100 percent recycled paper filler, which is recyclable and “offers the same, if not better, protection.”

SGB Executive

EXEC: Academy Sports CEO Remains Bullish on Sales Recovery

Academy Sports and Outdoors missed Wall Street’s earnings expectations for the second straight quarter on lower-than-expected sales but Steve Lawrence, CEO, told analysts he remains confident growth will improve in coming quarters as the chain benefits from a focus on newness and value while capitalizing on key selling occasions over the year.